• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

5 Key Fundamental Factors Suggest Bitcoin is Gearing Towards a Monumental Recovery

Christina Comben by Christina Comben
2 years ago
in Bitcoin, News, News teaser
0
Advertisement

The wider economic outlook is extremely uncertain right now. But even as unemployment rises and fiat continues to debase, there are plenty of reasons to be bullish on Bitcoin. Let’s take a look at the top five today.

1. Bitcoin Price to 10x 1-2 Years After Halving

Despite some uncertainty surrounding the upcoming Bitcoin Halving and whether the lower-than-expected Bitcoin price may result in miner capitulation leaving the network vulnerable, investor and analyst PlanB is still confident.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

He believes that it will play out in the same way as Bitcoin’s two previous halvings. Not only will it teach us more about the “underlying fundamentals” this time but it will also 10x in price within two years.

As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving.

PlanB S2F

2. No One Can Freeze Your BTC

This is a fundamental concept that you probably already have pretty clear by now. But in times of global economic uncertainty where banks impose withdrawal limits and can even freeze your account, it pays to remember that no one can freeze your bitcoin (if it’s stored in your own wallet of course).

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

In fact, no central actor can interfere in the transactions you decide to make either. As BTC advocate JP tweeted today, his bank account was frozen because they didn’t like what he’d been buying: Bitcoin. As he pointed out ironically:

Which was a good reminder of why I was buying Bitcoin in the first place

bank account freeze

3. Bitcoin Is a Choice – It’s Not Forced Upon You Like Fiat

Investor and Bitcoiner Stephen Cole reminded us yesterday that Bitcoin is about more than transferring value without intermediaries or an efficient way to store your savings. It’s actually a conscious choice to opt-out of the existing system:

It’s my vote, my protest, and the only meaningful way I see of fighting a broken, corrupt destructive system.

bitcoin is a vote

4. BTC Is Free From Central Actors

As the Federal Reserve continues to print money to bail out large corporations and central banks around the world respond, fiat will ultimately see a great devaluation leading to steep inflation.

Many people still don’t realize that expanding the money supply by 20% actually means they’re being taxed by 20% as prices go up.

In these times, it pays to remember that no one can interfere with Bitcoin and debase everyone’s holdings from one day to the next. How many bitcoin were printed for corporate bailouts? Zero. Exactly.

zero btc for bailouts

5. BTC Remains Uncorrelated from the Stock Market

Despite recent similarities in movements in both the crypto markets and stocks, crypto trader advisor and consultant, Scott Melker still argues that they are not correlated assets.

The economic chaos that will be left from the response to the pandemic will ultimately see BTC and stocks part ways once more–for the long term.

stocks and bitcoin are not correlated

So keep in mind that, as bad as the world seems right now, there are plenty of reasons to be bullish on Bitcoin–and these are just five.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Related Posts

Bitcoin

Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition

21 hours ago
Oslo Freedom Forum, Lyn Alden screenshot

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

1 day ago
Bitcoin

Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?

1 day ago
Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

2 days ago
El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

3 days ago
Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.